Skip to main content

Nonprofit · EIN 59-1308004

THE PERRY INSTITUTE FOR MARINE SCIENCE INC

Tax-exempt · WAITSFIELD, VT 05673

Financials

$2.7M$2.8M2023$3.5M$3.5M2024
Revenue Expenses · by fiscal year end
Financials of THE PERRY INSTITUTE FOR MARINE SCIENCE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,540,520$3,499,586$40,934$1,691,672$1,195,158$496,514
December 31, 2023990$2,744,471$2,767,947-$23,476$2,038,721$1,616,063$422,658
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,371,986
Program service revenue
$168,534
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$127,021
Compensation of officers, directors and key employees
$175,779
Other salaries and wages
$198,560
Salaries, compensation and benefits (total)
$449,062
Professional fundraising fees
$0
Accounting fees
$79,380
Occupancy
$39,614
Travel
$241,507
Depreciation
$44,403
Program services (functional)
$3,061,869
Management and general (functional)
$392,116
Fundraising (functional)
$45,601

Balance sheet and other

Total assets, start of year
$2,038,721
Total assets, end of year
$1,691,672
Total liabilities, end of year
$1,195,158
Net assets, end of year
$496,514
Land, buildings and equipment
$64,839
Net assets without donor restrictions
$496,514
Gross receipts
$3,540,520
Employees
7
Year formed
1971
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
CRAIG DAHLGRENEXECUTIVE DI
Trustee or director, Officer
40$175,779
LYNN GAPEBOARD MEMBER
Trustee or director
0.25$0
MARK GROSBYBOARD MEMBER
Trustee or director
0.25$0
DAVID KNIGHTSECRETARY
Trustee or director, Officer
0.25$0
DR JOHN MARRVICE CHAIR
Trustee or director, Officer
0.25$0
LIVINGSTON MARSHALLBOARD MEMBER
Trustee or director
0.25$0
ROGER MCMANUSBOARD MEMBER
Trustee or director
0.25$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationOther / benefits
CRAIG DAHLGRENEXECUTIVE DI
Trustee or director, Officer
40$164,216$20,889
LYNN GAPEBOARD MEMBER
Trustee or director
0.25$0$0
MARK GROSBYBOARD MEMBER
Trustee or director
0.25$0$0
DAVID KNIGHTSECRETARY
Trustee or director, Officer
0.25$0$0
DR JOHN MARRVICE CHAIR
Trustee or director, Officer
0.25$0$0
LIVINGSTON MARSHALLBOARD MEMBER
Trustee or director
0.25$0$0
ROGER MCMANUSBOARD MEMBER
Trustee or director
0.25$0$0

Address and contacts

Address (IRS master file)
5356 MAIN STREET SUITE 1, WAITSFIELD, VT 05673-0000
Principal officer (990 for 2024)
CRAIG DAHLGREN, PO BOX 435, WAITSFIELD, VT 05673
Signed the 990
CRAIG DAHLGREN, EXECUTIVE DIRECTOR
Phone
(802) 989-0456
Return prepared by
OSTERMAN SANCIBRIAN & BURKE PC

Mission

OUR MISSION IS TO CONDUCT AND SUPPORT INNOVATIVE RESEARCH, CONSERVATION AND EDUCATION THAT RESULTS IN EFFECTIVE STEWARDSHIP OF OUR OCEANS.

990 for the year ended December 31, 2024

Program accomplishments

  • CORAL RESTORATION: THE PROGRAM IS AIMED AT RESTORING POPULATIONS OF CRITICALLY ENDANGERED CORAL SPECIES IN THE WIDER CARRIBEAN REGION AND CONDUCTING RESEARCH TO ADVANCE THE SCIENCE OF CORAL RESTORATION. THE INSTITUTE IS ASSESSING CORAL REEF HEALTH THROUGHOUT THE BAHAMAS TO IDENTIFY KEY THREATS TO CORAL REEF HEALTH AND TO PROVIDE SCIENTIFIC SUPPORT FOR THE PLANNING, MANAGEMENT AND EVALUATION OF THE EFFICACY OF MARINE PROTECTED AREAS. THIS PROGRAM ALSO AIMS TO BUILD CAPACITY FOR CONDUCTING CORAL REEF HEALTH ASSESSMENTS BY HOSTING TRAINING WORKSHOPS AND EDUCATING THE GENERAL PUBLIC THROUGH VARIOUS MEDIA.
    Expenses $2,194,381 · grants $45,000 · revenue $2,285,864
  • IMPROVED FISHERIES MANAGEMENT: THE INSTITUTE IS CONDUCTING RESEARCH AIMED AT IMPROVING THE MANAGEMENT OF BOTH TRADITIONAL BAHAMIAN FISHERIES (NASSAU GROUPER, QUEEN CONCH) AND EMERGING FISHERIES SUCH AS PARROTFISH, AND BIOPROSPECTING FOR NATURAL PRODUCTS DERIVED FROM SPONGES, SEA FANS AND OTHER ORGANISMS. THIS RESEARCH IS AIMED AT PROMOTING SUSTAINABLE HARVESTS THAT PRESERVE THE VIABILITY OF HARVESTED STOCKS AND PROMOTE ECOSYSTEM HEALTH. WE ARE ALSO ENGAGING LOCAL COMMUNITIES TO PROMOTE COMPLAINCE WITH FISHERIES REGULATIONS AND OTHER BEST PRACTICES TO MINIMIZE IMPACTS OF FISHING TO ECOSYSTEMS.
    Expenses $212,931 · revenue $241,275
  • MANGROVE RESTORATION: MANGROVE RESTORATION INVOLVES REHABILITATING AND REESTABLISHING DEGRADED OR DESTROYED ECOSYSTEMS. OUR APPROACH INCLUDES A RANGE OF TECHNIQUES TAILORED TO SPECIFIC ENVIRONMENTAL CONDITIONS AND BIOLOGICAL INTERACTIONS WITHIN MANGROVE ECOSYSTEMS E.G. PLANTING AND PROPAGULE DISPERSAL, HYDROLOGICAL (BLOCKED CREEK) RESTORATION, AND GREEN INFRASTRUCTURE.
    Expenses $629,557 · grants $82,021 · revenue $988,381
  • COMMUNITY CONSERVATION EDUCATION AND ACTION PROGRAM PROVIDES, EDUCATION, OUTREACH AND COMMUNITY ENGAGEMENT PROGRAMS THAT COMPLIMENT THE INSTITUTES RESEARCH PROGRAMS. THIS PROGRAM IS AIMED AT DEVELOPING CONSERVATION LEADERS AND PROMOTING CONSERVATION ACTIONS THROUGH TARGETED COMMUNICATIONS, TRAINING PROGRAMS TO BUILD CONSERVATION CAPACITY IN THE BAHAMAS, AND WORKING DIRECTLY WITH STAKEHOLDERS LIKE FISHERS AND DIVERS TO PROMOTE POSITIVE PRACTICES THAT PROMOTE HEALTHY MARINE ECOSYSTEMS.
    Expenses $25,000 · revenue $25,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
59-1308004
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,691,672
Income (IRS master file)
$3,540,520

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,540,520$3,499,586$1,691,672IRS
990December 2023$2,744,471$2,767,947$2,038,721XML
990December 2022$2,329,840$1,690,460$1,820,070IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-1308004).

Questions about THE PERRY INSTITUTE FOR MARINE SCIENCE INC

What is the EIN of THE PERRY INSTITUTE FOR MARINE SCIENCE INC?
The employer identification number (EIN) of THE PERRY INSTITUTE FOR MARINE SCIENCE INC is 59-1308004.
Is THE PERRY INSTITUTE FOR MARINE SCIENCE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
Are donations to THE PERRY INSTITUTE FOR MARINE SCIENCE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE PERRY INSTITUTE FOR MARINE SCIENCE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE PERRY INSTITUTE FOR MARINE SCIENCE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE PERRY INSTITUTE FOR MARINE SCIENCE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE PERRY INSTITUTE FOR MARINE SCIENCE INC?
The 990 for the year ended December 31, 2024 names CRAIG DAHLGREN.
Who are the officers and directors of THE PERRY INSTITUTE FOR MARINE SCIENCE INC?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $175,779 (CRAIG DAHLGREN, EXECUTIVE DI).
How much revenue does THE PERRY INSTITUTE FOR MARINE SCIENCE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,540,520, expenses of $3,499,586 and total assets of $1,691,672 at year end.

Other nonprofits in WAITSFIELD

All nonprofits in WAITSFIELD · Vermont